On June 11, 2020, Arbitrator MacPherson imposed wage increases for the four (4) years of both urban and RSMC collective agreements of 2%, 2%, 2.5% and 2.9%.
Retirees who worked at CPC after February 1st, 2018 for Urban and after January 1st, 2018 for RSMCs are also entitled to retroactivity on all the time paid after these dates as the case may be.
When and How Will it be Paid?
Canada Post informed the Union that retirees will receive their retroactivity at the same time as active employees. These dates are described in bulletin #158.
Payment depends on the information in the Canada Post system. If you have not changed your bank account that used to be the one where your pay was deposited, the retroactivity payments will be deposited in that bank account.
If you changed your bank account, CPC will issue a cheque and send it to the address in their system.
If you have moved and changed your bank account, you should, without delay, inform CPC of your updated information.